Comment on Consequences of Short delivery - NSE/BSE

Siddharth Saudagar commented on 15 Jul 2020, 08:28 PM

For e.g.
Say I buy 100 shares from a defaulter on Monday so on T+2 that is Wednesday, the exchange realises this and auctions so I should have the shares by Thursday at the most.

So say I sell it on T+2 that is Wednesday to Y then by his (Y’s) T+2 day that is Friday. So there shouldn’t be any problem or any penalty. Right?

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